CONSTANTINOS CHRISTOFI @connos1st: "**Bollywood Bulls! India’s rising economy.**..."

Cyprus

**Bollywood Bulls! India’s rising economy.** 🚀 📈 With Chinese economy facing challenges amidst trade wars between major players, India could grab a market share as a goods provider and more. Apple has already initiated this by shifting a share of its production to India. ➡️So, why keep an eye on the Indian Economy? 🟢Deloitte’s recent report states that the economy is expected to grow c. 6.9-7.2% in 2023-2024, significantly surpassing other G20 members. A lower external debt to GDP ratio than other developing countries also reduces economic volatility. 🏭🔧India’s focus on technology, coupled with a young work force and increasing manufacturing capacity signals a full bull mode. As the aforementioned report states the digitization of tax collections boosted government income enabling more spending on infrastructure increasing the country’s manufacturing capabilities. 🔴Yes, challenges exist. Don’t forget that India is still an emerging economy meaning that the greater return potential also translates to higher risk. Reduced foreign direct investment in recent years and lagging private sector investments may be due to the upcoming (not just in India) or due to the slower economies in the investors countries. 🟢🔴Green and red lights are flashing simultaneously, as the New York Times notes. ** I remain optimistic** hence I have slightly increased my exposure to India by investing in the $XCX5.L (Xtrackers MSCI India Swap UCITS ETF) as $INDA (iShares MSCI India ETF) is only offered in Europe as a CFD which my strategy does not allow to invest in. ➡️All opinions are welcome hence feel free to comment below and if you found something of value add me to your watchlist to read my weekly posts. You can read the full Delloite report on the link below: www2.deloitte.com/us/en/insights/economy/asia-pacific/india-economic-outlook.html $VT.US $SWDA.L (iShares Core MSCI World UCITS ETF) $AAPL (Apple) $XCX5.L $INDA